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Gemini, the crypto speech founded by Cameron and Tyler Winklevoss, has begun offering tokenized stocks to customers successful the European Union (EU), the steadfast announced connected Friday.
The rollout started with tokenized shares of Strategy (MSTR), known arsenic the world's largest firm bitcoin BTC holder, with much stocks and exchange-traded funds (ETFs) to beryllium added successful the coming days, the steadfast said successful an X post.
Gemini said it partnered with Dinari, a steadfast focused connected tokenizing real-world assets, to contented the tokens. Dinari obtained a broker-dealer registration from the Financial Industry Regulatory Authority (FINRA) earlier this week, allowing the steadfast to connection tokenized versions of U.S. stocks.
The determination comes arsenic request grows for bringing accepted fiscal instruments specified arsenic equities onto blockchain rails, besides known arsenic tokenization of real-world assets. Crypto exchanges Coinbase and Kraken are besides seeking to grow into tokenized securities trading, portion Robinhood is reportedly working connected offering tokenized U.S. stocks for EU users.
Gemini past period secured a MiFID II licence from Malta that allows it to connection derivative products crossed the European Economic Area.
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